Operators of 'binary options trading boiler room' convicted and sentenced (ASIC, 2017)

Judgment entered

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In 2017, two people who ran a Gold Coast cold-calling business selling binary options trading packages were convicted after pleading guilty to operating a financial services business without a licence and lodging false documents with ASIC. One was sentenced to three months imprisonment, released immediately; both were released on three-year good behaviour conditions. The release records $520,471 received across the business bank accounts.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

the Australian Securities and Investments Commission announced this matter on November 9, 2017 as release 17-378MR. The respondents named are Jana Jaros and Jackson Laurence Malcolm Capper, who pleaded guilty in the Southport Magistrates' Court. ASIC says they ran Astra Group Pty Ltd and Old Cambridge Pty Ltd between February and December 2015 from Bundall, employing staff to cold-call consumers and sell membership packages of $2,995 to $24,000 on the promise of having a binary options account set up and managed, and that a search warrant executed on December 16, 2015 found the operation in progress. The charges were operating without a financial services licence and lodging false documents; Ms Jaros received three months' imprisonment, to be released immediately, and both were released on good behaviour bonds ($5,000 for Mr Capper, $2,000 for Ms Jaros).

The release calls the business "boiler room style", but what was sold was account set-up and management packages for a binary options platform, not shares or other securities from a block held by the operators, so this library no longer tags the matter as a boiler room. No other technique fits a licensing and false-documents prosecution, so it carries no technique tag.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

Timeline

1. 2017-11-09 ASIC media release

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• ASIC media release

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Record added September 10, 2026. submit a correction.